Unemployment and the Economy, 1975: Hearings Before ..., 94-1, February 12, 13; March 3, 17; April 2, 22, 1975

Capa

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Palavras e frases frequentes

Passagens conhecidas

Página 241 - Although many economists subscribe to the general-equilibrium notion that market prices can allocate energy resources efficiently over time, others such as FH Hahn have noted that the theory of general economic equilibrium can only be used as an argument against someone . . . who maintains that we need not worry about exhaustible resources because they will always have prices which ensure their "proper" use. ... A quick way of disposing with the claim is to note that an Arrow-Debreu equilibrium must...
Página 968 - ... the program will not result in the displacement of employed workers or impair existing contracts for services, or result in the substitution of Federal for other funds in connection with work that would otherwise be performed...
Página 702 - Execute true judgment, and shew mercy and compassion every man to his brother. And oppress not the widow, nor the fatherless, the stranger, nor the poor ; and let none of you imagine evil against his brother in your heart.
Página 953 - ... work for the account of another employer whose employees are on strike or (2) an employer on a construction project who, together with other employers, Is engaged in work on the site of the project, will not be treated as a secondary boycott.
Página 246 - The long run is a misleading guide to current affairs. In the long run we are all dead. Economists set themselves too easy, too useless a task if in tempestuous seasons they can only tell us when the storm is long past, the ocean will be flat.
Página 822 - ... per year, are equivalent to the earnings of 100,000 wage earners at the average rate of $500. The ownership of wealth in the United States has become concentrated to a degree which is difficult to grasp. The recently published researches of a statistician of conservative views1 have shown that as nearly as can be estimated the distribution of wealth in the United States is as follows: The "rich," 2 per cent of the people, own 60 per cent of the wealth.
Página 968 - Act of 1938, if section 6(a)(l) of such Act applied to the participant and if he were not exempt under section 13 thereof...
Página 203 - I want to do everything we can to make it become a reality and the only way we are going to do that is if we have accurate figures.
Página 812 - Unfortunately, this need has been obscured by the use of such terms as "government as employer of last resort," which implies that such employment should be advocated and provided only after private enterprise has failed to employ everyone; that these jobs with government agencies are only temporary, pending the rise in demand for workers in private enterprise; and that such jobs are not very desirable for the individual or useful and worth while to the community. But government is more than an employer:...
Página 241 - In this view, neoclassical systems are only: very useful when for instance one comes to argue with someone who maintains that we need not worry about exhaustible resources because they will always have prices which ensure their 'proper' use. Of course there are many things wrong with this contention but a quick way of disposing of the claim is to note that an Arrow-Debreu equilibrium must be an assumption he is making for the economy and then to show why the economy cannot be in this state. The argument...

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